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362 sats \ 1 reply \ @bradmillscan 3 Jul 2023 \ on: Bitpac: Publicly auditable cooperatives on bitcoin bitcoin
This is very cool.
What made you want to build this?
This is impressive even if you’re against NFTs.
I like that this project drew enough buzz to get these crypto NFT degens to finally try lightning network.
Whether or not you are for or against inscribing data to the timechain, it’s good to see this project attract attention to Bitcoin layer 2.
Many crypto people have been sleeping on LN and they believed that LB was vaporware and nobody uses LN.
I like that they chose to integrate LN into the mix.
I'm a big fan of Liquid network for things like game assets (I'm an investor in Infinite Fleet) https://twitter.com/InfiniteFleet
I am following the guys from Vulpem and what they are doing with Fuji https://twitter.com/fuji_money
They are building covenants (a form of smart contracts) for Bitcoin which not many bitcoiners are paying attention to yet https://twitter.com/adam3us/status/1552099964603564032?s=20&t=_k0aM0esfzi2kPyZ5IeSoA
You should also follow what James Wallace is doing with Digitl and security tokens, that's a huge opportunity.
https://twitter.com/ijameswallace/status/1527809935827927041?s=20&t=_k0aM0esfzi2kPyZ5IeSoA
Reminiscences of a Stock Operator
Tao of Seneca
Humans Need Not Apply
The Price of Tomorrow
Blood Meridian
There's a lot of opportunity ... we're only at 5% max penetration right now.
If you have any ideas, feel free to reach out to becca on twitter and we can setup a call https://twitter.com/BeccaAmilee
One of the things i'm most excited about for Lightning is Square / Cash App.
The fact that the square / cash app team is focusing on lightning network is very bullish for the future of money.
They have distribution.
millions of merchants and tens of millions of users are going to be exposed to bitcoin and decentralized web thanks to Jack and team.
I really look at most of my investing as a way to strengthen network effects of Bitcoin. I really don't think I'm going to beat bitcoin gains over the next 10 years with VC investing - I'm doing it to help strengthen the fundamentals of Bitcoin so that my Bitcoin position is more valuable over the long term.
I heard about Bitcoin in 2011 from a youtube video at $5 and instantly recognized how awesome it was that you could have a censorship resistant peer to peer cash system that also acted as a digital gold for the internet.
I came in through the Ron Paul / Occupy Wall St era of post-bailout angst & rage.
I looked at Bitcoin as both an exciting new technology and a protest / activist mission.
I fancied myself a trader though, and when BTC pumped to $30 I sold half, then a couple years later I lost a bunch more in MtGox, and lost on a cloud mining scam a couple years later.
Over the years I've learned a lot more about risk management and thankfully I've had enough conviction on where Bitcoin is going, so I'm still here despite all the mistakes I made!
That's why I only advocate for Saving in Bitcoin.
Yes, the Geyser team built this actually because a lot of countries can't access crowdfunding tech ... Bitcoin makes it so that the barriers to crowdfunding are removed.
Also, Bitnob has a crowdfunding platform for Nigeria that they'll be launching soon.
I think I would buy more Bitcoin and not sell it.
That way I could be more effective with my investing now.
MtGox actually taught us a very valuable lessons of not trusting insiders via "don't trust, verify" culture & "not your keys not your coins"
The 21 Million meme is very strong, I don't think it needs to be changed.
Educating more people in 2010-2012 is not necessarily needed ... waves of adoption make sense to bootstrap Bitcoin to be a global reserve asset over multiple decades.
Yeah, I think I'd want more BTC myself so I could fund more bitcoin development & research etc.
It's hard to value anything on crypto because it'a all incentivized growth with honeypots & perverse incentives.
All of the TVL & users on "crypto" are paid to be there.
The growth of Lightning Network is natural, altruistic usage - I value that a lot more.
I take sentiment from all sorts of places.
Does that make sense?
Check out what Anita Posch is doing with Bitcoin For Fairness on Geyser:
https://geyser.fund/project/bitcoinforfairness
Then look what Guantai is doing with Bitcoin Mtaani:
https://twitter.com/BitcoinMtaani
Paxful is doing "Built with Bitcoin"
https://twitter.com/LordFusitua/status/1527808527950942208
Hope House in El Salvadro
https://twitter.com/natbrunell/status/1493746280157401088
There's lots of people trying to translate bitcoin materials into other languages & build community banking in developing communities.
I think doing more of that is the way to go!
I think there's a lot of opportunity to build in the Bitcoin gaming space.
Bitcoin for boomers.
Converting home equity to Bitcoin (diversification as a service)
Bitcoin security tokens.
Bitcoin DeFi on Liquid Network.
Decentralized exchange applications using the upcoming decentralized web stack that bitcoiners are building (synonym's slashtags, Tether's hole punch, Block's TBDEX, webs of trust)
Integrating with Fedimint.
Building Bitcoin-only & BItcoin adjacent exchanges & onramps that prioritize privacy & peer to peer.
Those are a few.
Round 1 of Geyser Grants is just wrapping up now, there's still 2 days left to make a submission!
There's 60+ applications so far, Giacomo Zucco and others will be helping me and the Geyser team go through all of the applications in August to award sats.
I disagree that "there's nothing interesting being built on other blockchains" that most bitcoiners believe.
I think that's burying your head in the sand.
We should definitely try to cope better with the rise of other blockchains, figure out where the valuable things are and put those on Bitcoin layers.
There's better ways to criticize what's happening in crypto - there's a lot to criticize, but there is some actual legit things being built there that we need to acknowledge if we want to have better arguments.